BANKING GENERAL KNOWLEDGE
Question
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Employees’ State Insurance Corporation
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Employees’ State Insurance Company
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Employees’ State Insurance Council
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Employees’ State Investment Corporation
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Detailed explanation-1: -Submission of claim for relief The claim for Relief under ABVKY may be submitted by the claimant anytime after being rendered unemployed, but not later than one year from the date of unemployment to the appropriate Branch Office in form of affidavit in prescribed Form (AB-1).
Detailed explanation-2: -IAS Exam Latest Updates. ABVKY stands for Atal Bimit Vyakti Kalyan Yojna. It is a welfare scheme being implemented by ESIC (Employee State Insurance Corporation). Earlier, this scheme was introduced on July 01, 2018, to help those who have become unemployed due to changing conditions of employment generation.
Detailed explanation-3: -What Is Not Covered Under Employees State Insurance Scheme? The ESIC scheme currently does not cover workers or employees earning more than Rs.21, 000 per month and in the case of persons with a disability, the maximum wage is capped at Rs.25, 000 per month.